✉news BusinessBanking first seen 3 d ago, last 2 d ago, peak #9
Low Rhine water levels dragged on German growth, Bundesbank says
Original: Low Rhine weighed on German growth: central bank
Germany's central bank says falling water levels on the Rhine held back the country's economic growth. Low water disrupts shipping on one of Europe's busiest freight arteries, forcing companies to use costlier road and rail transport and slowing industrial supply chains. The assessment adds to concerns about the weakness of the German economy at a time of already fragile conditions.
Why now: Concerns over German economic weakness and the Rhine's role as a vital freight route keep the issue in focus.
Evidence
- Low Rhine weighed on German growth: central bank · France 24
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